MarketsandMarkets: Global Biocide Market Worth $9.4 Billion by 2016
DALLAS, June 4, 2012 /PRNewswire/ –
The report “Global Biocide Market – By Types, Applications, Trends & Forecast (2011 -
2016)” defines and segments the global biocide market with analysis and forecasting of the
global volume and revenue for biocide. It also identifies driving and restraining factors
for the global biocide market with analysis of trends, opportunities, burning issues,
winning imperatives, and challenges. The market is segmented and revenue are forecasted on
the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of the
World (ROW). The key countries are covered and forecasted for each region. Further, market
is segmented and revenue are forecasted on the basis of applications.
Browse 108 data tables spread through 246 pages and in-depth TOC on “Global Biocide
Market – By Types, Applications, Trends & Forecast (2011 -2016)”.
http://www.marketsandmarkets.com/Market-Reports/biocide-market-415.html Early buyers
will receive 10% customization on reports.
Biocides are widely employed in water treatment, wood preservation, paints and
coatings, food and beverage, and personal care industry. These rapidly growing industrial
markets for biocide are expected to boost the demand for biocides. These newer breed of
biocide, which have lesser environmental impact and better performance features are key
drivers of the biocide market. The market is also witnessing an increase in demand for
environmentally friendly products.
Growth in water treatment is driving the global biocide market, since water treatment
industry is dependent upon the consumption of water across the globe. Entry of
environmentally friendly biocide products has also aided the growth of biocide market.
Biocides are also used as additives in paint industry, to protect the paint from
spoilage during storage and also to prevent fungi and algae from growing on the applied
paint. The damage to surfaces coated with paint and coating materials is due to microbial
attack has always been an area of concern to the industry. They are also used in polymers
for preventing the growth of bacteria or fungi and also to prevent degradation of polymer
physical and sensorial properties, both within the material and at its surface.
The global biocide market in terms of revenue was estimated to be worth $7.2 billion
in 2010 and is expected to reach $9.4 billion by 2016, growing at a CAGR of 4.3% from 2011
to 2016. North America dominated the global biocide market, accounting for 45.0% of the
global biocide demand in 2010. Asia-Pacific is expected to be the fastest growing market
in the near future owing to the rapid advancement and increasing demand from key countries
such as China and India. European biocide market is smaller than North America and
Asia-Pacific markets both in terms of value and volume on account of regulations.
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